Is it too late to buy Cloudflare stock?
Cloudflare is a cloud giant in the making, but the valuation is still far too high. Best Buy looks dirt ... Cloudflare the stock is a different story. At its peak in late 2021, the company was ...
Is Cloudflare (net) stock a buy or sell?
Wall Street analysts have given Cloudflare a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cloudflare wasn't one of them.
Should I buy Cloudflare, Inc. (net)?
Cloudflare Inc. (NYSE:NET) has seen 1.09 million shares traded in the recent trading session. The company, currently valued at $28.85B, closed the recent trade at $94.17 per share which meant it gained $0.77 on the day or 0.82% during that session.
Is CloudFlare a buy?
Nasdaq’s decline suggests that investors are unwilling to buy stocks trading at high P/S multiples. Analysts will need to lower the price target to account for Cloudflare’s higher expenses in the next two quarters. NET stock score on value and quality.
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Why is Cloudflare dropping today?
Cloudflare Inc. shares dropped in the extended session Thursday after the cybersecurity company's quarterly results slightly beat Wall Street expectations, but its bottom-line forecast for the current quarter indicated a possible miss in its next report.
Is Cloudflare a good stock to buy now?
Cloudflare nonetheless is still reporting enviable growth rates even as tech peers see decelerating growth. The company raised full year guidance and now expects up to 46% year over year revenue growth. The stock is finally looking buyable after many years of trading at nosebleed valuations.
Is Cloudflare a long term buy?
Key Points. Cloudflare stock has cratered in this bear market. But revenue is growing faster than before. The stock could be a good buy for long-term investors.
What did Cloudflare close at today?
$55.06$ 55.25CloseChgChg %$55.060.330.60%
What do analysts say about Cloudflare?
According to analysts' consensus price target of $130.36, Cloudflare has a forecasted upside of 139.0% from its current price of $54.54.
Is Cloudflare stock overvalued?
Even After The Tech Crash, Cloudflare Remains Dangerously Overvalued.
Why buy Cloudflare?
It is much more efficient to service a couple thousand large customers than to service hundreds of thousands of small customers. The company receives more than 50% of its revenue from these large customers. Cloudflare also monetizes its customers over time.
Is Cloudflare profitable?
Cloudflare is not yet profitable on the bottom line because of some non-cash expenses like share-based compensation for employees. But the company's ability to create positive cash flow is a huge step forward. If revenue continues to grow over time, we can expect FCF to increase as well.
Is Cloudflare a meme stock?
From the start of the pandemic to November 2021, shares exploded in value by over 1,000%. However, since last November it has been a different story. Cloudflare stock has lost around 70% of its value since that time....Is Now an Ideal Time to Buy Cloudflare Stock?TickerCompanyCurrent PriceNETCloudflare$55.86May 18, 2022
Who uses Cloudflare?
49702 companies reportedly use CloudFlare in their tech stacks, including Udemy, Lyft, and Hdbest.net.Udemy.Lyft.Hdbest.net.Bitpanda.Tinder.Somfilms.net.medium.com.Stack.
Should I sell NET stock?
Out of 17 analysts, 2 (11.76%) are recommending NET as a Strong Buy, 5 (29.41%) are recommending NET as a Buy, 9 (52.94%) are recommending NET as a Hold, 0 (0%) are recommending NET as a Sell, and 1 (5.88%) are recommending NET as a Strong Sell.
What sector is Cloudflare?
CloudflareTypeenterprise, technology company, public company, online service, Delaware corporationIndustryinformation and communications technologyFounded2009FounderLee Holloway Matthew Prince Michelle ZatlynHeadquartersSan Francisco , United States11 more rows
What happened
So what
Shares of Cloudflare (NYSE: NET) sank 8.9% on Tuesday. Rather than any business-specific news, it was momentum for the broader market driving the pullback.
Now what
With the spread of the omicron variant accelerating, the U.S. has recently recorded a record number of coronavirus cases.
The Motley Fool
Cloudflare protects content delivery networks against distributed-denial-of-services attacks, and provides other web performance-enhancing features. With business increasingly moving to digital channels, the company has been posting stellar growth.
Different day, same reason for continued selling pressure
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
Key Points
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.
What happened
The stock has drawn various analyst downgrades and upgrades in recent weeks amid extreme market volatility.
So what
Shares of edge computing and internet infrastructure company Cloudflare ( NYSE:NET) were down over 5% today as of 3 p.m. ET. For the most part, this is simply a continuation of the selling pressure that has hit Cloudflare and other high-growth but richly valued tech stocks in recent months.
Now what
There was one additional short-term reason Cloudflare may have been under pressure today. On Monday, Citi ( NYSE:C) stock analyst Fatima Boolani initiated coverage on the company with a "hold" rating and a one-year price target of $100, implying upside of 13% in the next year.
What happened
If you decide to buy the dip in Cloudflare, that should be a big if. This stock isn't suitable for the faint of heart or those who can't afford to buy more if shares continue to tank in the near term. It's important to remember Cloudflare is a great company, and this is a long-term investment.
So what
The market is seeing some brutal selling momentum in Monday's trading, but Cloudflare (NYSE: NET) is currently in the green. The cybersecurity stock was trading up roughly 2.9% as of 3 p.m. ET today.
Now what
Credit Suisse analyst Phil Winslow published a note on Cloudflare stock last Friday raising his rating on the stock from neutral to outperform. However, in light of recent turbulence for the stock, the analyst also lowered his one-year price target on it from $205 per share to $140 per share.
The Motley Fool
The company is set to publish its fourth-quarter results after the market closes on Feb. 10. With its last update, management guided for Q4 sales to come in between $184 million and $185 million and a non-GAAP (adjusted) earnings performance between breakeven and a loss of $0.01 per share.
The entirety of Twitch has reportedly been leaked
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
Evergrande creditors fear imminent default as concerns shake sector
An anonymous hacker claims to have leaked the entirety of Twitch, including its source code and user payout information.
U.S. jobless claims sink 38,000 to 326,000 in sign of improving labor market
The commercial real estate market is collapsing in China, and foreign lenders are being left in the dark while Chinese borrowers are prioritising domestic lenders.
Senate Approves Bill to Raise Debt Ceiling and Avert Default, for Now
The numbers: Some 326,000 people who recently lost their jobs applied for unemployment benefits in early October, marking the first decline in a month and pointing to further improvement in the U.S. labor market. New jobless claims paid traditionally by the states fell by 38,000 in the seven days ended Oct.
Key Points
The Senate passed legislation on Thursday to raise the debt ceiling through early December, after a small cluster of Republicans temporarily put aside their objections and allowed action to stave off the threat of a first-ever federal default.
NYSE: NET
Cloudflare beat Wall Street's revenue estimates in the fourth quarter, but investors may have been more focused on rising inflation and potential interest rate hikes.
What happened
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So what
Shares of Cloudflare ( NET 0.82% ), a cloud platform company, were tumbling today after the company reported its fourth-quarter results late yesterday. Despite delivering quarterly earnings that were on par with analysts' consensus estimate and revenue that beat Wall Street's expectations, the tech stock took a nosedive today.
Now what
Cloudflare reported break-even non-GAAP earnings per share for the quarter, which met analysts' consensus estimate. Additionally, the company's revenue of $193.6 million in the quarter outpaced Wall Street's estimate of $184.9 million.
Premium Investing Services
Cloudflare investors should be pleased with the company's fourth-quarter results. While some macro events may be causing the company's share price to fall today, there's nothing in the company's fourth-quarter results that should make investors doubt Cloudflare's long-term potential.
